Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Aphria, CURO, Loma Negra, and 22nd Century and Encourages Investors to Contact the Firm

NEW YORK, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Aphria Inc., CURO Group Holdings Corp., Loma Negra Compañía, and 22nd Century Group, Inc.  Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff.  Additional information about each case can be found at the link provided.

Aphria Inc. (APHA)

Class Period: July 17, 2018 - December 4, 2018

Lead Plaintiff Deadline: February 4, 2019

The complaint alleges that throughout the class period defendants made materially false and misleading statements and failed to disclose to investors: (1) that Latin American assets acquired by the company lacked adequate licenses to operate and were overvalued; and (2) that the acquisition of Latin American assets would enrich the company’s CEO and other insiders at the expense of shareholders.  The complaint further alleges that, as a result of the foregoing, investors purchased Aphria’s securities at artificially inflated prices during the Class Period and suffered investment losses as a result of defendants’ conduct.

To learn more about the Aphria class action go to: http://bespc.com/apha/.

CURO Group Holdings Corp. (CURO)

Class Period: July 31, 2018 - October 24, 2018

Lead Plaintiff Deadline: February 4, 2019

The complaint alleges that throughout the class period defendants issued false and misleading statements, including ongoing financial guidance, relating to CURO’s efforts to transition its Canadian inventory of products from “Single-Pay Loans” to “Open-End Loans.”  Specifically, defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with the transition was having on the company’s financial performance and 2018 full-year company guidance.  The truth was revealed after the market closed on October 24, 2018, when the company announced disappointing financial results for the third quarter of 2018 and substantially reduced its guidance for full-year fiscal 2018. 

To learn more about the CURO class action go to: http://bespc.com/curo/.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

Class Period: Pursuant and/or traceable to Loma Negra’s initial public offering on or about November 1, 2017

Lead Plaintiff Deadline: February 4, 2019

The complaint alleges that Loma Negra’s Registration Statement contained materially false statements and omitted facts including: (1) downplaying and misrepresenting Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement ParticipaçoÞes S.A.; (2) misrepresenting a purported increased demand for Loma Negra’s cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand; (3) misrepresenting events and trends in the Argentinian economy, as well as Loma Negra’s exposure thereto; and (4) including references to known risks that “if” occurring “might” or “could” affect Loma Negra, despite the fact that these “risks” had already materialized at the time of the IPO.

To learn more about the Loma Negra class action go to: http://bespc.com/loma/.

22nd Century Group, Inc. (XXII)

Class Period: February 18, 2016 - October 25, 2018

Lead Plaintiff Deadline: March 22, 2019

The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) 22nd Century’s stock was prone to manipulation through paid stock promotions; (2) such conduct would subject 22nd Century to heightened regulatory scrutiny by the Securities and Exchange Commission; and (3) consequently, 22nd Century’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the 22nd Century class action go to: http://bespc.com/xxii/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.